According to the US-based online aggregator and distributor of market research and business information Fast Market Research, the global metal recycling market size will grow from 277.12 billion US-Dollar in 2015 to 406.16 billion US-Dollar by 2020, at a projected Compound Annual Growth Rate (CAGR) of 7.95 percent. The metal recycling market is driven by strict laws pertaining to waste management.

The use of recycled metal in the building and construction sector is projected to increase during the forecast period. According to the prediction, this segment will be the fastest-growing end-use sector in the next five years. Due to the estimated growth of infrastructure development and construction related activities, the demand for metal recycling will grow in this sector, the researchers are confident.